Month: May 2010

More than 16 percent of home owners say their houses increased in value during the past year, the highest percentage in nearly two years, according to a Thomson Reuters/University of Michigan survey.

While 75 percent of home owners viewed current home-buying conditions as good, citing attractive prices and low mortgage rates, about 89 percent thought market conditions for selling a home were poor. While still an overwhelmingly negative number, it was still better than the results of the May 2009 survey when almost 100 percent of home owners panned the climate for sales.

Some 43 percent of home owners said their home decreased in value during the past year. Nevertheless, home owners believe their homes will ultimately rise in value, with the average annual anticipated gain over the next five years at 2.1 percent.
Source: Reuters News, Julie Haviv (05/21/2010)

Sell Your Real Estate Fast and For The Best Price

Read your contract carefully

Read Your Contract Carefully Many renters barely even skim their rental agreement before signing their name at the bottom. Most renters are primarily concerned with the monthly charges, one time only fees, required deposits and other financial matters. Once they verify this information is accurate according to their conversations with the leasing agent, they often…

Buying Unfinished Homes

Unfinished homes present a great way to save a lot of money and get yourself a new home in the process. If you buy an unfinished home, you can keep your monthly mortgage payment low and also lower your initial investment. You may also be able to buy a larger foundation size as well, which…

10 Ways To Find Investment Properties in Arlington

If you really want the best deals in investment properties, you have to increase your odds by finding more deals. Who is more likely to get a cheap apartment building, an investor that looks through the MLS listings and calls it a day, or the one that uses ten resources? Here are the ten: 1.…

When you compare the real estate downturn to the real estate market in the 1980s, Blumberg Capital Partners, which provides real estate investment management, finds similarities that lead the company to think now is an optimal time to buy.

Its analysts point out that the recession of the 1980s lasted 16 months, running from July 1981 to November 1982. Unemployment peaked in November of 1982 at 10.8 percent. From that point it took 38 months for the economy to recover fully and for unemployment to fall below 7 percent. It was another 10 months before unemployment was consistently below 7 percent.

Philip Blumberg, CEO of Blumberg Capital Partners, said in a note to investors that the real estate cycle is still three or four years from an optimal selling period, so now is the time for investors to buy.

Source: Blumberg Capital Partners (05/19/2010)

Inlet Cove is near Fort Belvoir and Potomac Mills

Inlet Cove is alongside Route 1 This neighborhood of townhouses is near grocers and eateries Inlet Cove is close to Fort Belvoir, Alexandria, and Potomac Mills shops, in the city of Woodbridge Interior to these properties are multilevel Inlet Cove is serene

Pending Home Sales on an Upswing

Pending home sales increased again in March, affirming that a surge of home sales is unfolding for the spring home buying season, according to the National Association of REALTORS®. The Pending Home Sales Index, a forward-looking indicator based on contracts signed in March, rose 5.3 percent to 102.9 from 97.7 in February, and is 21.1…

A Good Time to Buy a High-End Home

Some of the best housing deals are on high-end homes, many over $1 million. Some of them need TLC or they aren’t in the most-coveted locations. But there are plenty of desirable properties and lots of sellers who are getting impatient. Buyers with cash have the best opportunities. Buyers who need a mortgage should move…

Looking for the big price drop?

If you love price drops we have good news. NesbittRealty.com now features the biggest and most recent price drops on area real estate. We have condos, townhouses and houses all with big price reductions. These HOT properties will attract a lot of attention so contact us to take a closer look. In general we look…

Who is today’s homebuyer and why are they buying?

The National Association of Realtors recently did a study about the characteristics of home buyers. Some of the findings might surprise you. Thirteen percent of buyers purchased a home with one or more parents and grandparents together with adult children. There were several reasons given for purchasing a multi-generational home. Cost savings; Children over the…

The National Museum of Natural History (NMNH) is part of the Smithsonian Institution, the world’s preeminent museum and research complex.

The Museum is dedicated to inspiring curiosity, discovery, and learning about the natural world through its unparalleled research, collections, exhibitions, and education outreach programs. Opened in 1910, the green-domed museum on the National Mall was among the first Smithsonian building constructed exclusively to house the national collections and research facilities.

The chart above plots the price per square foot of 1 Bedroom condos in 22201 vs. all Arlington over the past year. While there has been some decline, the change is almost statistically insignificant. The chart below shows little change in 2 BR’s in the same area.

The Market Activity Index in Crystal City continues show sawtooth pattern. This pattern often indicates tension between sellers who want to move property but who are not willing to dump property at lower prices. At the same time buyers are moving swiftly to snag deals, indicating we are near the bottom, or at least in a period of transition. The days on market fell dramatically, and this means that real estate is selling again.

The chart was drawn from the past 180 days of condo activity in 22202 zip code.

Americans stayed put for about a year after the housing bust, but now they are back on the move, according to U.S. Census figures.

About 12.5 percent of the population, or 37.1 million people moved to a new home in 2009, up from 11.9 percent or 35.2 million in 2008, the census found.

About 25 percent of adults ages 25 to 34 moved in 2009. That’s up slightly compared to 2008, but down substantially from 32 percent in 2000. Older Americans also stayed where they were with long-distance migration falling to below 2 percent for people older than 60.

“Overall, there is nothing here that suggests a light at the end of the tunnel in the continued slowdown of long distance migration in the U.S.,” said William H. Frey, a demographer at Brookings Institution who analyzed the numbers. “States and communities hoping to see renewed migration gains in college graduates, retirees and families as a spark to their economic growth will continue to be disappointed.”

Source: The Associated Press, Hope Yen (05/10/2010)

Inlet Cove is near Fort Belvoir and Potomac Mills

Inlet Cove is alongside Route 1 This neighborhood of townhouses is near grocers and eateries Inlet Cove is close to Fort Belvoir, Alexandria, and Potomac Mills shops, in the city of Woodbridge Interior to these properties are multilevel Inlet Cove is serene

Pending Home Sales on an Upswing

Pending home sales increased again in March, affirming that a surge of home sales is unfolding for the spring home buying season, according to the National Association of REALTORS®. The Pending Home Sales Index, a forward-looking indicator based on contracts signed in March, rose 5.3 percent to 102.9 from 97.7 in February, and is 21.1…

A Good Time to Buy a High-End Home

Some of the best housing deals are on high-end homes, many over $1 million. Some of them need TLC or they aren’t in the most-coveted locations. But there are plenty of desirable properties and lots of sellers who are getting impatient. Buyers with cash have the best opportunities. Buyers who need a mortgage should move…

Looking for the big price drop?

If you love price drops we have good news. NesbittRealty.com now features the biggest and most recent price drops on area real estate. We have condos, townhouses and houses all with big price reductions. These HOT properties will attract a lot of attention so contact us to take a closer look. In general we look…

Who is today’s homebuyer and why are they buying?

The National Association of Realtors recently did a study about the characteristics of home buyers. Some of the findings might surprise you. Thirteen percent of buyers purchased a home with one or more parents and grandparents together with adult children. There were several reasons given for purchasing a multi-generational home. Cost savings; Children over the…

Families can enjoy camping and night hiking at Riverbend Park. Riverbend Park has over 400 acres of forest, meadows, and ponds. Trails include a 2.5 mile portion of the Potomac Heritage Trail linking national and regional parkland. Kayakers and canoeists can enjoy exploring many islands in the Potomac River. Serious anglers and families can bring a boat or fish from the shady riverbank. Nature highlights include spectacular river views, beautiful wildflowers and birds.

Facilities include a visitor center with snack bar, gift shop, exhibits and riverside picnic area. The park also has a nature center which is available for rent.

Camping will began at 6 p.m. Friday to 9 a.m. Saturday on May 15th. Bring your camping gear, toasting sticks and a dinner to cook on toasting sticks. S’mores and a light breakfast are provided. The cost is $45 per family. To register, call 703-759-9018.

Julie Nesbitt

Julie Nesbitt knows the back trails and by-ways of Northern Virginia real estate.

Don’t take chances with real estate.

REDUCED: 7202 Churchill Rd, McLean

[FWD: The Empire Strikes Back Pictures]

We played a game at the office this Sunday. Lots of fun. Sincerely, Will Nesbitt Principal Broker Nesbitt RealtyAlexandria VA licensed in the Commonwealth of Virginia and the State of Maryland 703 765 0300 (main) 571 237 7902 (direct)888 783 6391 (fax) ——– Original Message ——– Subject: The Empire Strikes Back Pictures From: [email protected]…

Julie and I rented bikes in Old Town last week. We then biked the Mount Vernon Trail to Mount Vernon and back. The trail here is pleasant with some ups and downs that can be a little challenging, but not too tough. The views along the river and through the forest are great. Along the way the trail passes through the Dyke Marsh. We stopped there to take some pictures and drink some water.

Favorites

We were named by Trulia as being a member of the top 1% of Realtors in 2014.

For exemplary customer satisfaction, Nesbitt Realty have received the Super Service Award from Angie’s List members.

We are members of the National Association of Realtors, the Virginia Association of Realtors and the Northern Virginia Association of Realtors. We are members of the National Association of Residential Property Managers.

Our agents have obtained sales recognitions for multi-million dollar sales production. Member of our team have achieved important accreditations such as Accredited Buyer Representative (ABR) and Certified Distress Property Expert (CPDE).